RBC Capital lowered the firm’s price target on Descartes Systems (DSGX) to $130 from $133 and keeps an Outperform rating on the shares. Despite the tailwind from increased demand for Descartes’ Global Trade Intelligence subscriptions, Q4 revenue and Q1 baseline were lighter than expected, but while the firm is reducing its financial estimates, it also believes that tariff uncertainty will be a long-term driver of increased uptake of supply chain management software, the analyst tells investors in a research note.
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Read More on DSGX:
- Cautious Outlook for The Descartes Systems Group Amid Mixed Signals and Macroeconomic Challenges
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